ENTREPRENEURSHIP POLICES AND SURVIVAL OF SME’S: A CONCEPTUAL APPROACH
Abstract:Small and Medium Scale Enterprises (SMEs) play a vital role in most economies, especially in developing countries. They account for the majority of businesses worldwide and they are important contributors to employment creation and global economic development. The study focused on the impact of entrepreneurial policy on the survival of Small and Medium Scale Enterprises (SMEs). The paper explored the issues involved in entrepreneurship policies, the problems of entrepreneurship and how these have threatened the survival of small and medium scale business enterprises in Nigeria. Trickledown effect theory was utilized. A desk review and reflexivity was also adopted for the methodology. While findings were drawn from past work. This paper concluded that entrepreneurship is crucial and necessary for the survival of Small and Medium Scale Enterprises. Also, government should provide enabling environment and favourable policies to enhance the survival of SMEs. The paper recommends a review of the previous policies and harmonizing with the existing policies to see if savings will be made and the aims joined together would be achieved.